Buy BEML, target of Rs 426: KRChoksey (Source: moneycontrol.com)

KRChoksey Research has maintained its buy rating on BEML with a target price of Rs 426 in its February 6, 2009 research report. "Net Sales of the company increased marginally by 1.7% (YoY) to Rs 632.9 crore due to slowdown in economy. On back of diversified business model, rich cash reserves (Rs 125.1 per share), healthy order book, railway business initiatives, we maintain our BUY rating on the stock, target of Rs 426," says KRChoksey's research report.